BadgerDAO

TLDR

Fundraising:

• Zero is actively raising capital and BADGER will get 30 cents on every $1 of future pre-TGE fundraising. For example, a $5m raise will result in $1.5m to Badger.
• Any proposed raise below a fully diluted valuation (FDV) of $30m require pre-Approval from Badger

Badger Investment:

• The $500k Badger / DIGG token commitment from BIP 50 is forgiven and Badger keeps the tokens
• Badger gives up the discounted 5% post-TGE options
• Badger stake in ZERO is reduced from 20% to 12%

TGE:

• At the TGE, Badger will receive it’s full 12% stake
• Use of these tokens will be determined by a vote from the Badger Council and Badger Treasury in consultation with ZERO team representatives

Reporting:

• The Badger Treasury Council will update the community quarterly on the status of Zero fundraising and each time capital is returned to Badger

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